Take a look at GOOG
GOOG has already retraced more then half of yesterday's loss on good volume.
As for the SPY and tat stubborn divergence that wouldn't move down...
Decent little recovery toward unchanged. Actually it's beyond unchanged and in the green now. I'm listening in the background to Broad Street traders tying to play the SPY, this is about their 3rd trade, once long, a stop out and now chasing it again. What's the point in chasing it? The divergence in 3C held, I'm glad I'm not day trading anymore, but what an edge if I was!
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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